Ethereum

Momentum

Million

Spot

<ul>
 <li>Thursday marked the end of a three-day positive flow run for U.S. spot Ethereum ETFs.</li>
 <li>$42.52M left the Grayscale’s ETHE fund, continuing the trend of withdrawals.</li>
</ul>
On Thursday, spot bitcoin ETFs had inflows of $11.1 million, while U.S. spot ether ETFs witnessed net outflows of $39.2 million. The $42.5 million that left <a href="https://thenewscrypto.com/grayscale-names-peter-mintzberg-ceo-amid-bitcoin-etf-outflows/" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s</a> ETHE fund shows that outflows have persisted. Thursday marked the end of a three-day positive flow run for U.S. spot Ethereum exchange-traded funds, as $39.21 million left.
According to statistics from <a href="https://sosovalue.xyz/" target="_blank" rel="noopener noreferrer nofollow">SosoValue</a>, $42.52 million left the Grayscale Ethereum Trust (ETHE) fund, continuing the trend of withdrawals. On Thursday, it reported the only outflow of any spot ether ETF.
Following a mild $2.26 million net inflow the day before, the second-largest spot ether ETF by net assets, the Grayscale Ethereum Mini Trust (ETH), had no flows on Thursday. Net inflows to Fidelity’s FETH were $2.54 million, while BlackRock’s ETHA received $770,350. There was no activity in the other ETFs.
A significant increase over Wednesday’s and Tuesday’s total daily volumes of $155.91 million and $190.76 million, respectively, brought the total daily volume of the nine ETFs to $240.58 million on Thursday.&nbsp;
<h3 class="wp-block-heading" id="h-inflows-recorded-for-spot-bitcoin-etf">Inflows Recorded for Spot Bitcoin ETF</h3>
Thursday saw modest inflows of $11.11 million into the 12 U.S. spot bitcoin ETFs, down from net outflows of $81.36 million the previous day.
There were no transactions on Thursday in <a href="http://blackrock.com" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s</a> IBIT, the biggest spot bitcoin ETF by net assets. The previous two days saw net inflows of $2.68 million and $34.55 million, respectively.&nbsp;
Only one exchange-traded fund (ETF) reported negative flows; $25.03 million left Grayscale’s <a href="https://thenewscrypto.com/massmutual-enters-crypto-realm-with-grayscales-gbtc-investment/" target="_blank" rel="noopener noreferrer nofollow">GBTC</a>. Its outflow streak was prolonged to the eleventh day by this. Thursday saw a total trading volume of $1.79 billion for these spot bitcoin ETFs, up from $1.3 billion the previous day.
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U.S Spot Ethereum ETFs See $39.2 Million Net Outflows

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